[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-94.--Relation of profits after taxes to stockholders' equity and to sales, all manufacturing corporations, 1947-97 ---------------------------------------------------------------------------------------------------------------- Ratio of profits after income taxes Profits after income taxes per dollar (annual rate) to stockholders' of sales--cents equity--percent\1\ -------------------------------------- Year or quarter --------------------------------------- All Durable Nondurable All Durable Nondurable manufacturing goods goods manufacturing goods goods corporations industries industries corporations industries industries ---------------------------------------------------------------------------------------------------------------- 1947.............................. 15.6 14.4 16.6 6.7 6.7 6.7 1948.............................. 16.0 15.7 16.2 7.0 7.1 6.8 1949.............................. 11.6 12.1 11.2 5.8 6.4 5.4 1950.............................. 15.4 16.9 14.1 7.1 7.7 6.5 1951.............................. 12.1 13.0 11.2 4.9 5.3 4.5 1952.............................. 10.3 11.1 9.7 4.3 4.5 4.1 1953.............................. 10.5 11.1 9.9 4.3 4.2 4.3 1954.............................. 9.9 10.3 9.6 4.5 4.6 4.4 1955.............................. 12.6 13.8 11.4 5.4 5.7 5.1 1956.............................. 12.3 12.8 11.8 5.3 5.2 5.3 1957.............................. 10.9 11.3 10.6 4.8 4.8 4.9 1958.............................. 8.6 8.0 9.2 4.2 3.9 4.4 1959.............................. 10.4 10.4 10.4 4.8 4.8 4.9 1960.............................. 9.2 8.5 9.8 4.4 4.0 4.8 1961.............................. 8.9 8.1 9.6 4.3 3.9 4.7 1962.............................. 9.8 9.6 9.9 4.5 4.4 4.7 1963.............................. 10.3 10.1 10.4 4.7 4.5 4.9 1964.............................. 11.6 11.7 11.5 5.2 5.1 5.4 1965.............................. 13.0 13.8 12.2 5.6 5.7 5.5 1966.............................. 13.4 14.2 12.7 5.6 5.6 5.6 1967.............................. 11.7 11.7 11.8 5.0 4.8 5.3 1968.............................. 12.1 12.2 11.9 5.1 4.9 5.2 1969.............................. 11.5 11.4 11.5 4.8 4.6 5.0 1970.............................. 9.3 8.3 10.3 4.0 3.5 4.5 1971.............................. 9.7 9.0 10.3 4.1 3.8 4.5 1972.............................. 10.6 10.8 10.5 4.3 4.2 4.4 1973.............................. 12.8 13.1 12.6 4.7 4.7 4.8 1973: IV.......................... 13.4 12.9 14.0 4.7 4.5 5.0 New series: 1973: IV.......................... 14.3 13.3 15.3 5.6 5.0 6.1 1974.............................. 14.9 12.6 17.1 5.5 4.7 6.4 1975.............................. 11.6 10.3 12.9 4.6 4.1 5.1 1976.............................. 13.9 13.7 14.2 5.4 5.2 5.5 1977.............................. 14.2 14.5 13.8 5.3 5.3 5.3 1978.............................. 15.0 16.0 14.2 5.4 5.5 5.3 1979.............................. 16.4 15.4 17.4 5.7 5.2 6.1 1980.............................. 13.9 11.2 16.3 4.8 4.0 5.6 1981.............................. 13.6 11.9 15.2 4.7 4.2 5.1 1982.............................. 9.2 6.1 11.9 3.5 2.4 4.4 1983.............................. 10.6 8.1 12.7 4.1 3.1 4.9 1984.............................. 12.5 12.4 12.5 4.6 4.4 4.8 1985.............................. 10.1 9.2 11.0 3.8 3.4 4.1 1986.............................. 9.5 7.5 11.5 3.7 2.9 4.6 1987.............................. 12.8 11.9 13.7 4.9 4.5 5.2 1988.............................. 16.1 14.3 17.9 6.0 5.2 6.7 1989.............................. 13.6 11.1 16.2 5.0 4.1 5.8 1990.............................. 10.7 8.0 13.4 4.0 3.0 4.9 1991.............................. 6.3 1.5 10.8 2.4 .6 4.1 1992 \2\.......................... 2.2 -5.0 8.4 .8 -1.7 3.1 1993.............................. 8.1 5.7 10.1 2.8 1.9 3.7 1994.............................. 15.9 16.4 15.4 5.4 5.3 5.6 1995.............................. 16.1 15.5 16.8 5.7 5.2 6.1 1996.............................. 16.8 15.8 17.9 6.0 5.5 6.6 1995: I........................... 17.6 17.7 17.4 6.2 6.1 6.4 II.......................... 18.6 18.9 18.4 6.5 6.4 6.6 III......................... 16.2 13.5 18.8 5.8 4.7 6.9 IV.......................... 12.3 11.8 12.8 4.3 3.9 4.7 1996: I........................... 15.8 14.1 17.5 5.8 5.0 6.7 II.......................... 17.9 18.7 17.1 6.3 6.3 6.2 III......................... 18.4 16.3 20.5 6.6 5.7 7.5 IV.......................... 15.3 14.2 16.3 5.5 5.0 6.1 1997: I........................... 17.1 15.0 19.3 6.5 5.5 7.6 II.......................... 18.4 19.8 17.0 6.8 6.8 6.7 III......................... 17.0 15.5 18.5 6.3 5.6 7.2 ---------------------------------------------------------------------------------------------------------------- \1\ Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end of quarter only. \2\ See footnote 3, Table B-93. Note.--Based on data in millions of dollars. See Note, Table B-93. Source: Department of Commerce, Bureau of the Census.